HYPC(SZ:000703) Zheng Quan Shi Bao Wang·2026-01-05 14:21Group 1: Company Developments - Hengyi Petrochemical announced the full launch of the PMB petrochemical project phase II in Brunei, aiming for completion by the end of 2028, in response to the Brunei government's policy direction and cooperation willingness [1] - The project has an optimized design capacity of 12 million tons per year, producing diesel, PX, benzene, polypropylene, and other high-value-added chemical products, which will increase the total capacity of the Brunei refinery to 20 million tons per year upon completion [1] - The project is expected to enhance the company's overseas market share, strengthen integrated industrial chain advantages, reduce production costs, ensure stable raw material supply, and improve product structure to meet diverse customer demands [1] Group 2: Industry Insights - The supply-demand balance for refined oil in Southeast Asia remains tight, with local GDP growth significantly exceeding the global average, leading to strong demand for refining products [2] - The International Energy Agency (IEA) predicts that the supply-demand gap for refined oil in Southeast Asia will expand to 68 million tons by 2026, providing significant market opportunities for the Brunei refining project [2] Group 3: Shareholder Actions - Hengyi Group and Hengyi Investment adjusted their share buyback price range from no more than 10 CNY per share to no more than 15 CNY per share to boost investor confidence and support the company's sustainable development [2] - As of January 5, 2026, Hengyi Group has cumulatively increased its shareholding by 140 million shares, with an investment amount of 1.159 billion CNY (excluding fees), while Hengyi Investment has increased its shareholding by 126 million shares, with an investment amount of 1.085 billion CNY (excluding fees) [2]